6 Financial Goals To Set In Your 20's

Jun 06, 2021
12:00 A.M.
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Your twenties are perhaps the most exciting years of your life. But if you've not started financial planning, it's time to start thinking ahead and stop relying on mom and dad. After all, the fruits you will reap in the future will be better if you start saving early.


There are so many experiences to have, many new people to meet, and hot items to buy, which means our money is constantly flowing out of our pockets. But remaining on that trajectory will not only make your thirties look worse but the rest of your years too.

So there you are sitting at home wondering how exactly financial advice applies to you. But news flash, it does. Make the most out of your twenties by making fantastic financial plans by setting these six financial goals.

Start To Budget

Photo by Kelly Sikkema on Unsplash

Photo by Kelly Sikkema on Unsplash


Stop running away from your bank account statements. There is a reason why they send it to you at the end of every month. Therefore, please take a minute when you have a moment and take time to go through them.

Doing this will help you track your expenditure because if you need to start saving, you need to follow where your money is going. Therefore, take time to discover where you spend your most coin goes before you continue splurging on takeout.

Minimize Credit Card Debt

Photo by Avery Evans on Unsplash

Photo by Avery Evans on Unsplash


If you don't know, credit cards can land you in serious debt if you're not careful. Therefore, no matter how tempted you are by the numerous ads trying to sell you one, credit cards aren't your friend.

They have incredibly high-interest rates, especially if you slack on paying them off. Thus, ensure to pay them off as soon as possible to avoid ending up in a swarm of debt that could take nearly a lifetime paying it off.

Investing Your Coins

Photo by MayoFi on Unsplash

Photo by MayoFi on Unsplash


If you have little to no credit card debt, we recommend using your hard-earned coin on investing. It's super easy to do, especially with tons of apps that allow you to trade in publicly owned companies using an app.

Therefore, if you have a smartphone, start investing. Consider getting high-performing stocks that will be expensive but worth your while. However, if you're unsure, feel free to consult financial consultants to guide you at the beginning of your financial journey.

Get Into The Habit Of Saving

Photo by Michael Longmire on Unsplash

Photo by Michael Longmire on Unsplash


Get into the habit of saving for what you want. No matter how tempting that shoe deal sounds or how fancy the newly released gadget looks, it's best to pause first before purchasing the item.

Besides, it's best to get into the habit of saving before purchasing items that aren't urgent. Not only will your bank account thank you, but your peace of mind will too. Also, once you get it, you will feel happier knowing your treat was well earned.

Be Credit Card Sharp

Photo by rupixen.com on Unsplash

Photo by rupixen.com on Unsplash


You're not alone if you don't know how credit cards work. Mainly if your credit card carried you through university, primarily paying for all your bills, and your parents were the ones paying for it.

Therefore, if you're out of university and feeling a little bit lost, it's understandable. Learn to start using your credit card for emergencies and turn to cash or debit cards for everyday spending to balance everything.

Risk Management

Photo by Marek Studzinski on Unsplash

Photo by Marek Studzinski on Unsplash


Get into the habit of insuring things. This is important for your expensive purchases such as your car, house, or phone, to mention a few. This is because life usually has a way of turning over, and you'll never know how things will turn out.

As morbid as that sounds, planning is highly beneficial. Matters such as thefts, fires, or damages can happen, and imagine the cost of fixing them once they do. So take out some insurance and sleep well, knowing everything is well handled.

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